Using the Structural Vector Autoregression (SVAR) method this paper surveys the effect of monetary and exchange rate policies on Tajikistan’s economy for the period 1996 to 2004. A number of restrictions are imposed and the contemporaneous and long-run restrictions model are used to identify...

We examine the profile of poverty and vulnerability in Tajikistan using household level panel data for 2004 and 2005. The drop in poverty was largely due to increase in remittances from workers working overseas. People are more likely to be poor if they live in a) rural areas, b) large...

This study examines the effects of market reform on the agriculture sector of Tajikistan. It investigates the level and determinants of technical efficiency for a sample of cotton growing regions in Tajikistan. Using unbalanced panel data of 11 years covering the transition period 1992-2002, 34...

Does foreign aid contribute to economic growth? If so, is the impact of aid conditional on good policies? This is a controversial issue. While the World Bank (1998) contends that the aid is effective only if recipient governments have good policies, others refute this view and argue that aid...